DOES THE EV RISE FROM VW’S FALL?
Could the Volkswagen scandal power an electric car breakthrough? By subsidising diesel, Europe has slowed the transition to hybrids and electric cars. With diesel’s future in doubt, their moment may have come
David Bailey, 30 September 2015 (The Guardian)
The “dieselgate” emissions-fixing scandal engulfing the world’s biggest carmaker, Volkswagen, is a slow-motion car crash of the firm’s own making…[The] real damage for the firm in recall costs, brand damage, lost sales, fines and possible law suits…could run into tens of billions of euros…[Another] outcome may be the increased likelihood of city mayors and governments restricting the use of diesels in polluted cities…[and] tougher testing of emissions and fuel efficiency by regulators…With the exception of Renault-Nissan (think of the Zoe and Leaf) and BMW (with its i3 and i8), the European producers are now exposed to a diesel downturn, and may have placed the wrong bets…Petrol hybrids and electric cars could well emerge as likely winners from the VW debacle…The other transformative shift looming is the development of autonomous or driverless cars…Volkswagen may have just given those eager to disrupt the automobile market the necessary incentive to step up their game.” click here for more